Available from the Products and Services feature (right hand side of page) is a bookmark in pdf form that states 10 principles of misinformation. The first one relates to a topic recently discussed, that we are misinformed on what is natural or normative.
In Systems out of Balance I report on a version of the Travelers [...]
I received an anonymous comment the other day that casts some doubt as to whether a true meritocracy would benefit the middle class because of the vitality function (curve). In essence I have addressed this already on The Middle Class Forum in a post that brought up the Pareto Principle. The Pareto Principle theorizes that [...]
Every once in awhile I still read my “Morning Bells” sent dutifully by that bastion of “freedom,” The Heritage Foundation. Last week the title, something about wind and solar energy being bad investments, drew my interest and I braced myself for the misinformation I knew I would encounter next. There were juicy nuggets in the [...]
This past week I received a notice for a program offered by the water company to help people struggling to pay their water bills. I’ve received notices like this from my electric utility provider as well. I suppose these programs are a good thing for these corporations to coordinate, but there is something a little [...]
I once lost my job at a time when my family was young and I needed to be the major breadwinner. I adapted and we made out OK. In my current employment my hours are about to be cut due to the current economy. I will adapt again. It helps that I always have avoided [...]
Inuits have multiple words for ice and snow; the Yamanas from the Amazon have none. What individuals experience determines the social meanings they will construct. Thus embedding an Inuit (or American) into Yamana culture will lead to communication problems even if they otherwise speak the same language. This is a metaphor for how I felt [...]
Continue reading about The Natural Right to Merited Consequences
Both Dr. George Reisman and I are unhappy about what some critics of our current economic crisis are saying. In his article “The Myth that Laissez Faire is Responsible for our Current Economic Crisis,” Dr. Reisman faults those who are blaming laissez faire policies, since our economic system falls short of the laissez faire ideal. [...]
This entry is part of a series focusing on Dr. George Reisman’s article, “The Myth that Laissez Faire is Responsible for our Current Economic Crisis.” The article provides a defense of laissez faire capitalism and states, correctly, that our economic system falls short of that ideal. But there is a good reason for that. As [...]
In the article, “The Myth that Laissez Faire is Responsible for our Current Economic Crisis” Dr. George Reisman details a few ways in which the country currently strays from laissez faire capitalism. He provides the following description of what he views as this ideal economic system:
” … a politico-economic system based on private ownership of [...]
Continue reading about If Individuals Were People in Free Markets
The last system characteristic on the economic report card is market stability. Stability depends on income and wealth distribution and the rate of inflation. Both high wealth disparity and high inflation hampers the ability to trade goods and services, the essence of market activity. The economic report card revealed instability due to both factors of [...]
